Impacts of World Economic Changes on the CMEA

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Abstract (may include machine translation)

The first part surveys the external world economic conditions that marked out for the East-European region in the seventies a development path different from the one reckoned with in the Comprehensive Program of the CMEA. In consequence, adjustment to the world economy became a central problem of economic policy in the majority of European socialist countries. The second part reviews the common internal problems of the CMEA member countries. It analyses the advantages and dangers of a restrictive economic policy, the sharpening of the so-called raw material and energy problem within the CMEA, the satisfaction of consumer needs and questions of agriculture as well as the importance of institutional factors. The third part surveys the answers given on integration level to the challenge of world economic changes, while the concluding part examines how integration might become an instrument of export-orientation.
Original languageAmerican English
Pages (from-to)93-115
Number of pages23
JournalActa Oeconomica
Volume25
Issue number1-2
StatePublished - 1980

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